banner_ad

refund of service tax

This query is : Resolved 
Profile Image

Profile Image

(Querist)
25 June 2009 one banker wrongly deposited 8 lacs service tax.
banker wants to refund
what is procedure
how much time taken by the department
Profile Image

SIDDHARTHA SANKAR ROY

Profile Image

SIDDHARTHA SANKAR ROY (Expert)
25 June 2009 If they are centrally registered they may go for self-adjustment of the entire amount of Rs 8 lakh against their service tax liability in the succeeding month or quarter under Rule 6(4A) of STR 1994, because in case of centrally registered asseesses adjustment can be without any monetary limit.

Otherwise they can submit refund claim with the jurisdictional AC/DC in Form-R giving evidence infavour of their claim. If they have collected the amount from their clients then they should return it before claiming for refund. It is also required to prove that they have not passed on the tax amount to any other person.
The department has to pay interest @6% if the amount is not refunded beyond the period of 3 months.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details